Horizon Technology Finance Co. (NASDAQ:HRZN) Receives Consensus Rating of "Reduce" from Analysts

Shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) have been given a consensus rating of "Reduce" by the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.35.

Separately, Compass Point raised Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 target price for the company in a research note on Tuesday, December 17th.

Insider Buying and Selling at Horizon Technology Finance

In other news, President Gerald A. Michaud acquired 8,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $9.31 per share, with a total value of $74,480.00. Following the completion of the purchase, the president now owns 169,309 shares of the company's stock, valued at $1,576,266.79. This represents a 4.96 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Balkin bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $170,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in Horizon Technology Finance during the 3rd quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance in the third quarter valued at $38,000. Quantbot Technologies LP acquired a new stake in shares of Horizon Technology Finance in the third quarter valued at $99,000. JPMorgan Chase & Co. purchased a new position in Horizon Technology Finance in the third quarter valued at $117,000. Finally, Adell Harriman & Carpenter Inc. acquired a new position in Horizon Technology Finance during the 3rd quarter worth $128,000. Institutional investors and hedge funds own 4.94% of the company's stock.

Horizon Technology Finance Price Performance

HRZN traded down $0.10 on Friday, reaching $9.11. 373,162 shares of the company's stock were exchanged, compared to its average volume of 316,360. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $13.71. The stock has a market cap of $363.27 million, a PE ratio of -75.92 and a beta of 1.21. The stock's fifty day moving average price is $9.19 and its 200-day moving average price is $10.47.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The company had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.38 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts predict that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.49%. The ex-dividend date of this dividend is Thursday, January 16th. Horizon Technology Finance's payout ratio is -1,100.00%.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.